Research Nester published a report titled “Global Fetal and Neonatal Equipment Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global fetal and neonatal equipment market in terms of market segmentation by product type, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
According to a survey conducted by World Health Organization (WHO), an estimated 3.1 million newborn deaths, 2.7 million stillbirths and 340000 maternal deaths occur in almost all low-income countries around the globe on an annual basis.
Technological advancements have led to the improvement in the survival rate and quality of life for newborns. The immune system of neonates is immature at the time of birth which makes them more prone to nosocomial infections. Additionally, preterm and newborn infants have less developed cutaneous barrier which makes them more inclined towards Hospital-acquired infections (HAI). This leads to the adoption of fetal and neonatal care equipment to avoid neonatal morbidity and mortality along with potentially decreasing the risk of HAIs in neonatal intensive care unit (NICU). On account of these factors, the global fetal and neonatal equipment market is anticipated to record a CAGR of around 7.8% during the forecast period i.e. 2019-2027.
The market is segmented by product type into fetal care equipment and neonatal care equipment, out of which, fetal care equipment is further segmented into ultrasound devices, fetal MRI systems, fetal pulse oximeters, fetal Doppler, and fetal monitors. Similarly, neonatal care equipment is further classified into incubators, phototherapy equipment, respiratory devices and neonatal monitoring devices. Among these segments, fetal care equipment segment is anticipated to hold leading shares in the global fetal and neonatal equipment market on account of its applications in detecting some of the physical deformities in fetus and determining the heart rate of fetus during pregnancy and labor. The market is further segmented by end users into hospitals and pediatric clinics.
Regionally, the market in Asia Pacific is anticipated to witness a significant growth over the forecast period on the back of high birth rate and increased number of preterm births in this region. The market in North America region is expected to witness notable growth throughout the forecast period owing to rising initiatives for maternal and childcare along with adoption of advanced healthcare infrastructure in the region.
Growing Initiatives and Improved Healthcare Infrastructure to Boost Market Growth
Sedentary lifestyle and diseases such as, high blood pressure and diabetes leads to preterm and low weight births which are some of the alarming causes behind the growing prevalence of birth defects and pregnancy complications around the globe. Moreover, high birth rate in developing countries such as India and China along with increased awareness through government initiatives for fetal and neonatal care is anticipated to drive the growth of the market in upcoming years.
However, high cost and limited accessibility of fetal and neonatal care equipment in developing countries are some of the restraining factors that are estimated to affect the growth of the market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fetal and neonatal equipment market which includes company profiling of Atom Medical Corporation, Drägerwerk, Fisher & Paykel Healthcare, Becton Dickinson, GE Healthcare, Masimo, Medtronic, Natus Medical Incorporation, Philips Healthcare, Phoenix Medical Systems (P) Ltd. and other prominent players
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fetal and neonatal equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.